Tax Brackets 2023-2024

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 If you are in Australia on a Working Holiday visa (subclass 417 or 462), special tax rules may apply to you. Generally, working holiday makers are considered non-residents for tax purposes and pay tax at a different rate than Australian resident for tax purposes.

You may be taxed on the same basis as a resident Australian national if you were a resident in Australia for tax purposes AND you are a citizen from  Chile, Finland, Germany, Israel, Japan, Norway, Turkey or United Kingdom.

This means that you are eligible for the tax-free bracket up to $18,200 and may get the refund of 15% x $18,200 =$2.730 !

 The above rates do include the Medicare levy of 2% for tax residents. 

 To be considered an Australian resident for tax purposes, you need to meet certain criteria as determined by the Australian tax laws.  

1. Reside test: If you reside in Australia permanently or for a significant part of the year, you are likely to meet the reside test and be considered an Australian resident for tax purposes. This means that you have set up your home in Australia.
2. Domicile test: If Australia is your permanent home or the place you intend to return to, you may meet the domicile test and be considered an Australian resident for tax purposes. Factors such as family, personal belongings, and social ties in Australia can contribute to meeting this test.
3. 183-day test: If you have been physically present in Australia for 183 days (6 months) or more in a financial year, you may meet the 183-day test and be considered an Australian resident for tax purposes. These 183 days do not have to be consecutive.

It's important to note that meeting one of the above tests may not automatically make you an Australian resident for tax purposes. The tests are considered in conjunction with each other, and the specific circumstances of your situation will be taken into account.